Ehealth ( (EHTH) ) has released its Q4 earnings. Here is a breakdown of the information Ehealth presented to its investors.
eHealth, Inc. is a prominent online health insurance marketplace that operates in the private sector, offering access to a wide range of health insurers. The company specializes in matching consumers with suitable healthcare coverage, leveraging its carrier-agnostic platform and licensed agents.
In its latest earnings report, eHealth, Inc. announced record-breaking financial results for the fourth quarter and fiscal year 2024. The company achieved its highest-ever total revenue and net income, driven by significant growth in Medicare Advantage submissions and an expansion in Medicare unit margins.
Key financial highlights include a 27% increase in total revenue for Q4 2024 compared to the previous year, reaching $315.2 million. The company’s net income for the quarter surged by 87% year-over-year to $97.5 million. Additionally, eHealth reported a 33% increase in non-GAAP total revenue, excluding net adjustment revenue, and a 74% improvement in adjusted EBITDA. The company’s Medicare segment saw a 42% growth in submissions, contributing to these impressive results.
Looking ahead, eHealth’s management remains optimistic about the company’s trajectory, despite acknowledging the unique market conditions of 2024. The company expects continued growth, with projected revenue for 2025 ranging from $510 million to $550 million and an adjusted EBITDA margin of 9%. eHealth aims to build on its operational improvements and maintain its strong market position.
Overall, eHealth, Inc. has demonstrated robust financial performance and strategic growth, positioning itself well for future success in the competitive health insurance marketplace.
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